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Clare
Clare, Solicitor
Category: Law
Satisfied Customers: 34234
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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If the estate is worth £825,000 and we pay tax on £400,000

Customer Question

if the estate is worth £825,000 and we pay tax on £400,000 do we have to pay that first before the money is reliesed or is it taken out of the estate
Submitted: 1 year ago.
Category: Law
Expert:  Clare replied 1 year ago.
Hi
Thank you for your question.
My name is Clare and I will do my best to help you.
The Inheritance Tax needs to be paid before the Probate is granted (or an agreement for payment by installment's needs to have been signed)
I hope that this is of assistance - please ask if you need further details
Clare